At-home meal kit delivery service Blue Apron’s shares soared 130% on Friday following the news of the company’s sale.
Blue Apron was reportedly purchased by food delivery startup Wonder Group for $13 per share.
This sets Blue Apron’s valuation at $103 million, far below its $2 billion valuation back in 2017.
According to Wonder Group, the acquisition is “expected to create a leading platform for mealtime, enhancing mealtime with choice, flexibility and convenience through two exceptional brands.”
